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Worldline anticipates 15 October close for Ingenico transaction subject to EC remedies

Source: Worldline

Following the publication by the European Commission of the deadline for the completion of its review of the transaction, now set for September 30th, 2020, Worldline expects that, subject to the approval of the transaction by the European Commission, Worldline's tender offer for Ingenico's securities should close around October 15th, 2020 in line with the indicative timetable.

In this context, the process with the European Commission is progressing normally, in line with what was initially planned, notably in terms of deadlines. The remedies envisaged for a limited number of countries, given the high complementarity of the two groups, are limited and consistent with the initial estimates in terms of revenue.

In compliance with regulation, the closing date of the offer will be set by the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) after reception by the AMF of the transaction’s merger control clearance from the European Commission.

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